Tencent Has Invested $2 bn in Overseas Markets. Here’s the Full List

Tencent Has Invested $2 bn in Overseas Markets. Here’s the Full List.

By Tracey Xiang on October 23, 2013

Tencent has invested $2 billion in overseas markets, a large part of which went to startups, disclosed Martin Lau, president of Tencent, at GMIC 2013 Sillicon Valley. Not only does Tencent inject money into those startups, the company would also pass on experience or help them enter China market, he said. Online gaming has been the major contributor to its total revenues and Tencent counts on mobile gaming in order to monetize the huge user base it has already had through WeChat, Mobile QQ and other mobile apps. So most of foreign businesses Tencent has stakes in are gaming-related. Below is a list of overseas investments we have heard about since the company started making investments in other companies, big or small — Years back Chinese Internet companies preferred to develop me-too products by themselves. Tencent was famous for that it could always kill the existing ones with better-than-copy versions.Game-related

Mobile gameplay recording service Kamcord, based in the US, received two investments joined by Tencent in late 2012 and August 2013, respectively.

Tencent purchased a 6% stake in Activision Blizzard, Inc., the developer of World of Warcraft, for an estimated $1.4 billion in mid-2013.

The acquisition of a 49% stake with $26.95 million in Level Up, a Singaporean online game operator, was completed in August 2012.

Tencent bought 48.4% of Epic Games, the developer of gaming engine Unreal Engine and some other online/mobile games, for $330 million in July 2012.

The acquisition of game developer Riot Games, based in Los Angeles, US, was completed in early 2011. Before it Tencent was already an investor in Riot. League of Legends, developed by Riot and launched in 2009, is one of the most profitable games on Tencent platform.

American game distributor Outspark raised $11 million round led by Tencent in early 2008.

Tencent partners with South Korean VC Capstone Partners that has invested in 7 Korean gaming companies, Studio HonReloaded Studios, ToppigNextplay, RedduckEyedentity and GH Hope Island, since 2008.

Other deals including social platform for game players Raptr, and RunWilder — a startup “creating franchise characters born on mobile” and co-founded by former employees, and ZAM, an online forum for gamers.

Non-game

Fab.com, an American online retailer for design products, announced a $150 round of funding led by Tencent in June 2013.

Tencent acquired 13.84% of  Kakao Talk, South Korean mobile app developer, for RMB 403 million in early 2012.

A bunch of Y Combinator alumni, EverymeArkSonalightLoom and Watsi.

Tencent joined the seed round Pair, a social app for couples, raised in 2012.

In late 2011, Silicon Valley-based photo sharing app Waddle landed seed funding from Tencent.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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